In the News

Web Retirement Tools for 401(K)s Fall Short

In a recent study of Web tools offered to participants by major 401(k) providers, financial-services research firm Corporate Insight found some big gaps in their calculations. Less than one-third of the tools, for example, asked participants about their projected expenses in retirement. Ideally, the tools would prompt participants to think about expenses for housing, food, and health care, says Drew Maresca, head of retirement research at Corporate Insight.